DELAFIELD, Wis. (Stockpickr) – As part of a daily routine as an active trader or investor, one should always be tracking the stocks in the market that are making the biggest percentage gains and the biggest percentage losses.

Stocks that are making large moves to the upside are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility. Stocks that are making big-percentage moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst such as a recent earnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst downgrade.

Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits. If you time your trade correctly, combining with fundamental trends, discipline and sound money management, you will be well on your way to investment success.

With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.

Lexicon Pharmaceuticals

Lexicon Pharmaceuticals (LXRX) - Get Lexicon Pharmaceuticals, Inc. Report, a biopharmaceutical company, focuses on the development of treatments for human disease. This stock is trading up 1.4% to 97 cents per share in Tuesday's trading session.

Tuesday's Range: $0.95-$0.96
52-Week Range: $0.80-$1.91
Tuesday's Volume: 913,000
Three-Month Average Volume: 1.74 million

From a technical perspective, LXRX is trending modestly higher here right above its 50-day moving average of 92 cents per share with strong upside volume flows. This stock recently formed a double bottom chart pattern, after buyers stepped up to support the stock at 86 cents per share over the last few months. Following that bottom, shares of LXRX have now trended higher back above its 50-day moving average and it has broken out above some near-term overhead resistance at 94 cents per share. That move is quickly pushing shares of LXRX within range of triggering a major breakout trade. That trade will trigger if LXRX manages to take out some key near-term overhead resistance levels at 96 to 97 cents per share and then above $1.02 a share with high volume.

Traders should now look for long-biased trades in LXRX as long as it's trending above its 50-day moving average of 92 cents per share or above those double bottom support levels and then once it sustains a move or close above those breakout levels with volume that registers near or above 1.74 million shares. If that breakout develops soon, then LXRX will set up to re-test or possibly take out its next major overhead resistance level at $1.08. Any high-volume move above $1.08 will then give LXRX a chance to re-fill its previous gap-down-day zone from last November that started near $1.30.

Penn Virginia

Penn Virginia (PVA) , an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the U.S. This stock is trading up 3.7% to $6.73 in Tuesday's trading session.

Tuesday's Range: $6.52-$6.86
52-Week Range: $4.32-$18.20
Thursday's Volume: 1.25 million
Three-Month Average Volume: 4.56 million

From a technical perspective, PVA is spiking higher here right above some near-term support at $6.37 with lighter-than-average volume. This stock recently pulled back from its high of $7.50 right to its 50-day moving average at around $6.11. Following that pullback, shares of PVA gapped sharply higher to $7.21 with high monster upside volume. Shares of PVA are now starting to trend within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will hit if PVA manages to take out some key near-term overhead resistance levels at $7.21 to $7.50 with high volume.

TheStreet Recommends

Traders should now look for long-biased trades in PVA as long as it's trending above some key near-term support levels at $6.37 or above its 50-day at $6.11 and then once it sustains a move or close above those breakout levels with volume that registers near or above 4.56 million shares. If that breakout materializes soon, then PVA will set up to re-test or possibly take out its next major overhead resistance levels at $8.95 to $9.63.

StemCells

StemCells (STEM) , a biopharmaceutical company, is engaged in the research, development and commercialization of stem cell therapeutics, and related tools and technologies for stem cell-based research and drug discovery and development. This stock is trading up 3.6% to $1.15 in Tuesday's trading session.

Tuesday's Range: $1.11-$1.18
52-Week Range: $0.84-$2.43
Tuesday's Volume: 732,000
Three-Month Average Volume: 541,262

From a technical perspective, STEM is spiking notably higher here right above its 50-day moving average of $1.06 with strong upside volume flows. This stock has been consolidating and trending sideways over the last month and change, with shares moving between 99 cents on the downside and $1.18 on the upside. This move to the upside on Tuesday is now quickly pushing shares of STEM within range of triggering a near-term breakout trade. That trade will hit if STEM manages to take out some key near-term overhead resistance at $1.18 with high volume.

Traders should now look for long-biased trades in STEM as long as it's trending above its 50-day moving average of $1.06 or above some more near-term support level at $1.05 and then once it sustains a move or close above $1.18 with volume that hits near or above 541,262 shares. If that breakout develops soon, then STEM will set up to re-test or possibly take out its next major overhead resistance levels at $1.29 to its 200-day moving average of $1.35, or even $1.50.

China Finance Online

China Finance Online (JRJC) - Get China Finance Online Co., Ltd. Sponsored ADR Report provides integrated financial information and services in the People's Republic of China and Hong Kong. This stock is trading up 5.5% to $5.86 in Tuesday's trading session.

Tuesday's Range: $5.38-$5.92
52-Week Range: $2.33-$11.88
Tuesday's Volume: 413,000
Three-Month Average Volume: 979,583

From a technical perspective, JRJC is ripping sharply higher here right off its 50-day moving average of $5.41 and back above its 200-day moving average of $5.67 with decent upside volume flows. This rip to the upside on Tuesday is now starting to push shares of JRJC within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will hit if JRJC manages to take out some key near-term overhead resistance at $6 and then above $6.45 to $6.50 with high volume.

Traders should now look for long-biased trades in JRJC as long as it's trending above Tuesday's intraday low of $5.38 or above more near-term support at $5 and then once it sustains a move or close above those breakout levels with volume that registers near or above 979,583 shares. If that breakout begins soon, then JRJC will set up to re-test or possibly take out its next major overhead resistance levels at $7.50 to $8.65.

-- Written by Roberto Pedone in Delafield, Wis.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.